Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Commodities  >  Platinum       

PLATINUM
Mes dernières consult.
Most popular
End-of-day quote. End-of-day quote  - 11/17
947.91 USD   +1.62%
11/16DJCopper Edges Up From Early-Week Losses
11/14DJMETALS : Copper Prices Fall on Weak Chinese Data -- Update
11/14DJMETALS : Copper Prices Fall on Weak Chinese Data
SummaryQuotesChartsNewsAnalysis 
News SummaryAll newsTweets

Impala Platinum : Fiscal Year 2017 Net Profit Hit by Impairment Charge

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/14/2017 | 08:10am CET

By Ian Walker

Impala Platinum Holdings Ltd. (IMPUY) reported on Thursday a much widened net loss for fiscal 2017 after booking a large impairment.

The platinum group metals miner made a net loss of 8.22 billion South African Rand ($0.63 billion) compared with a loss of ZAR70 million, on revenue of ZAR36.84 million compared with ZAR35.93 million. It booked an impairment of ZAR10.23 billion in the year compared with ZAR307 million for the year ended June 30, 2016.

Gross refined platinum production for the year increased 6.4% to 1.53 million ounces, the company said. It added that within this, production at the Impala Rustenburg mine was disappointing, with output below original targets, and that production volumes at Marula were also below target due to community disruptions.

However, it said a restructuring review is underway for a return to profitability under new normal pricing environment.

Write to Ian Walker at [email protected]; @IanWalk40289749

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PLATINUM
11/16DJCopper Edges Up From Early-Week Losses
11/14DJMETALS : Copper Prices Fall on Weak Chinese Data -- Update
11/14DJMETALS : Copper Prices Fall on Weak Chinese Data
11/14DJCopper Pulls Back After Weak Chinese Data
11/14DJANGLO AMERICAN : De Beers Diamond Sales +21% Ahead of Christmas Season
11/09 LONMIN : Protesters disrupt Lonmin's South Africa platinum mines
11/08DJGold Rises on Doubts Over Tax Overhaul, Saudi Shake-up
11/08DJGold Rises on Doubts Over Tax Overhaul, Saudi Shake-up -- Update
11/08DJGold Gains as Tax Bill Faces Challenges
11/06DJGold Inches Higher With Geopolitical Risks in Focus
More news
Chart PLATINUM
Duration : Period :
Platinum Technical Analysis Chart | 4-Traders
Technical analysis trends PLATINUM
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral